Top Reasons To Buy Business Travel Accident Insurance Now
Business travel has become part and parcel of many executives lives. This is due to the fact that more and more companies have gone or are going multinational. More people are traversing the skies than ever and they are traveling more often. Business trips are not generally known to be dangerous. Well, it really depends of what type of business you are into. But most of the time, everything is smooth sailing. But on rare occasions, the unthinkable does happen. You slip, fall and end up breaking an arm, dislocating a shoulder or end up with something even more serious. This can lay waste your trip. This could even ruin your life. This is where business travel accident insurance comes in.
Benefits of business travel accident insurance you may not have known about.
Business travel accident insurance coverage, depending on the policy, may pay a benefit of up to four times your pay, up to $500,000, to you or your beneficiary in case of accidental death, dismemberment, paralysis or total and permanent disability while you are traveling on official company business anywhere around the globe. And you can purchase it as conveniently as getting very cheap car insurance or LINK2%.
Those who are higher up on the corporate ladder usually get to bring their family along on business trips. If your spouse and/or eligible dependent children are permitted to travel with you, they will also be covered for accidental death, dismemberment and paralysis.
Coverage is provided around the clock during a “business trip” beginning when you leave your home or place of business and will only cease once you return to your home or place of business. Coverage is also provided while you are on a side trip or vacation that is taken in conjunction with a business trip. In addition, coverage is also extended at your regular place of work for covered losses resulting from Bomb Scares or Bomb Explosions or a Felonious Assault caused by other than a fellow employee or family member.
A bonus.
Business travel accident insurance benefits are paid in addition to any extra life and accident insurance benefits you are eligible to receive. In other words, you are entitled to twice the payout in case anything untoward happens. Money might not replace everything, but it can cushion the blow. Companies usually purchase this in addition to their normal annual trip travel insurance.
A word of caution.
Business travel accident insurance does not cover commuting to or from work so be careful . But your other insurance should cover that. Be sure to check your policy to see what you are covered for. It is also important to have a closer look at the clauses.
